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Stay abreast of what’s happening internationally with developments in corporate public affairs. Here is news that you may find useful and interesting:



4 ways busy people sabotage themselves ND
Alice Boyes, Harvard Business Review, Thursday September 20 2018

You haven’t replied to an email, even though it would only take 10 minutes. Maybe you have left another important task undone for weeks – you just don’t have the time, right? These self sabotaging patterns maintain a cycle of always having too much to do (or at least feeling like it). Here are four ways you might do this, and some possible solutions. First, you keep ploughing away without stepping back and prioritising. Stress causes our focus to narrow, but it’s important to use the ‘pay yourself first’ principle and accomplish the items on your priority list first. Second, you completely overlook easy solutions for getting things done. To get out of the trap of avoiding easy solutions, take a step back and question your assumptions. Next, you ‘kick the can down the road’ instead of making easy solutions to conundrums. Remedies for recurring problems are often simple if you can step back enough to get perspective. And by gradually accumulating winning strategies over time, you can significantly erode your problem, bit by bit. Finally, you use avoid or escape methods for coping with anxiety. If you want to deal constructively with situations that trigger anxiety for you, you’ll need to engineer some flexibility and space into your life so that you can work through your emotions and thoughts when your anxiety is set off. With practice, you’ll start to notice when you’re just doing something to avoid doing something else.

For the full breakdown, visit www.hbr.org
A 4-step plan to make your Q&A more audience-friendly ND
Lauren Weinstein & Matt Abrahams, Harvard Business Review, Tuesday September 18 2018

Here is a four step plan – remembered by the acronym FIRE – derived from the teaching and coaching experience at Stanford’s Graduate School of Business which aim to improve the Q&A sessions at conferences and town-halls. First, Framing. In preparing for interviews, most guests ask ‘What do I want to say?’ But the most effective guests ask ‘What does my audience need to hear?’ You will also benefit from having a clear speaking goal: what do you want your audience to know, how do you want them to feel, and what do you want your audience to do? Second, Inclusion. A good Q&A invites the audience into the experience. This can be done by using inclusive language (e.g. using ‘you’ and ‘we’ whenever possible) and by polling the audience. Next, Rails. Like a train needs rails, your content needs structure. Our favourite structure is the What?>So what?> Now what? structure. Finally, Examples. As you prepare for your next interview, we suggest the following: make a list of all the key points, themes, best practices, etc. you’d like to be prepared to share with your audience. Then provide examples and case studies for every one of them – these can be real or imagined.

For the full story, see www.hbr.org
Facebook accused of allowing bias against women in job ads ND
Noam Scheiber, The New York Times, Tuesday September 18 2018

A group of job-seekers is accusing Facebook of helping employers to exclude female candidates from recruiting campaigns. The employers appear to have used Facebook’s targeting technology to exclude women from the users who received their advertisements, which highlighted openings for jobs like truck driver or window installer. Washington-based employment lawyer Debra Katz, who is not involved with the case, said the campaigns appeared to violate Federal US law, which forbids employers and employment agencies like recruiting firms from discriminating on the basis of gender. “There is no place for discrimination on Facebook; it’s strictly prohibited in our policies,” said Joe Osborne, a Facebook spokesman. “We are reviewing the complaint and look forward to defending our practices.”

For the full story see: www.nytimes.com
Jeff Bezos banned PowerPoint presentations at Amazon meetings. Here’s what replaced them ND
Robert Glazer, Forbes, Wednesday August 22 2018

Instead of reading bullet points on a projector screen, Amazon employees have recently started reading memos setting the tone of the meeting before anyone actually starts talking. Sounds crazy right? I decided to try it out in my organisation, and here are the top five benefits we have seen so far. First, efficiency. The memos give people a chance to get up to speed on a topic in advance, meaning we can hit the ground running. Next, better questions and discussions. Since everyone now starts with the same information and has time to process it, questions are a lot deeper and more thought-provoking, which makes the discussion more robust. Third, a more level playing field. Using memos gives all participants a chance to be heard and to share their thinking clearly, which makes it more likely that the best ideas and thinking will surface. Fourth, strategic thinking. While a PowerPoint slide can list facts and figures, a memo requires deep thinking and a narrative, and writers have to really make their case. And finally, memos provide a historical record of ideas and decisions. If anyone misses a meeting, the memo is available to provide background and context. These memos also serve as a record of the reasoning behind decisions over time.

For the full breakdown see: www.forbes.com
Fake accounts, tweets and 'morons': Could a bot take down your company? ND
Ariel Bogle, ABC News, Wednesday September 12 2018

In June, the CEO of Harley-Davidson Matt Levatich stared down a problem facing many modern CEOs: how can you ensure nobody thinks you called the US President a moron? “It’s shameful we live in a time when people create fake quotes,” he wrote, following a tweet which falsely claimed he had called Donald Trump a moron. The repudiation worked, but for a little while there it looked like a viral tweet could take control of the 100-year-old company’s corporate narrative. The spread of misinformation on social media is now considered a severe socio-political threat, but corporations too are getting hit. In the US, former political strategist Josh Ginsberg has co-founded analytics firm Zignal Labs, which tries to identify networks of fake accounts on social media and alert their clients before a bad story crashes into mainstream media or hits their stock price. Misinformation is a big issue for corporations that is only growing, as a recent study found that fake news spreads quicker and more deeply than real news.

For the full story see: www.abc.net.au/news
Nike sales defy Kaepernick ad campaign backlash ND
BBC News, Tuesday September 11 2018

Nike’s online sales grew by 31% in the bank holiday following the launch of its controversial ad campaign, using Colin Kaepernick as the face of the brand. The sales come despite critics encouraging people to destroy Nike goods in protest at the use of Mr Kaepernick. In 2016, the American football player refused to stand for the US national anthem in protest at police brutality. Soon, other players followed suit, in a protest which divided the country and sparked the anger of President Donald Trump. "The research confirms that, at least for now, the company is suffering no negative repercussions in sales,” said the firm Edison Trends, who analysed the data. In announcing the deal, Nike said Kaepernick was "one of the most inspirational athletes of this generation".

For the full story see: www.bbc.com/news
US-made iPhones would cost $150 more, supplier says as tariffs loom ND
Lauly Li & Cheng Ting-Fang, Nikkei Asian Review, Tuesday September 11 2018

The time has come for many crucial suppliers to the most valuable technology companies on the planet to make emergency plans to move some production out of China as US President Donald Trump escalates a trade war that risks hitting electronics manufacturers hard. On Friday, Trump said tariffs covering an additional $267 billion of Chinese imports would be “ready to go on short notice”. That’s in addition to an already planned $200 billion round. On Saturday, Trump tweeted an “easy solution” to the tariff problem: “Make your products in the United States instead of China.” Most of Apple’s products are made in China, as are smart speakers by Amazon and Google, Fitbit products and notebooks by HP and Dell. Market watchers say any shift of the supply chain could cause major disruptions.

For the full story see: www.asia.nikkei.com
Don’t try to be the ‘fun boss’ – and other lessons in ethical leadership ND
Kimberly Nei & Darin Nei, The Harvard Business Review, Monday September 10 2018

We collected personality data and supervisor ratings of ethical behaviour like integrity and accountability on 3,500 leaders across 30 organisations. The organisations included several industries, varied in size from medium to large and were largely multinational. We combined data across these 30 independent studies to ecamine the relationship between personality and ethical leadership across a range of different settings and situations, finding that characteristics relating to certain traits have stronger relationships with unethical behaviour. Here are a few tips based on the findings. First, be humble, not charismatic. Second, be steady and dependable: it will get you further. Next, Remember that modesty is the best policy. Fourth, balance analysis with action. And finally, be vigilant: vulnerability increases over time.

For the full breakdown of the list see: www.hbr.org
Alibaba close to signing joint venture with Russian partners ND
Nikkei Asian Review, Monday September 3 2018

China’s version of a “digital silk road” across Eurasia is beginning to take shape, with Alibaba now in “advanced stage negotiations” to form a joint venture ecommerce company with Russian partners. According to sources involved in the deal, Alibaba is close to agreeing a partnership with Russian internet company Mail.ru, and the Russian Direct Investment Fund, the sovereign wealth fund. The involvement of the RDIF indicates the level of official backing for the plans. Last December, the head of the RDIF Kirill Dmitriev told Russian President Vladimir Putin that the fund planned to soon announce “investment in a number of our internet platforms with the aim of expanding their operations abroad as well as investement with Alibaba in internet logistics infrastructure in Russia”. Last Autumn, while sharing a stage with Mr Putin, Alibaba executive chairman Jack ma said that he thinks “Alibaba should join forces in developing Russia”.

For the full story see: http://asia.nikkei.com
Reuters journalists jailed in Myanmar over secrets act ND
BBC News, Monday September 3 2018

A court in Myanmar has sentenced two Reuters journalists to seven years in prison for violating a state secrets act while investigating violence against Rohingyas. Wa Lone and Kyaw Soe Oo were arrested while carrying official documents which had just been given to them by police officers. The two journalists have maintained their innocence, saying they were set up by police. “I have no fear,” Wa Lone said after the verdict. “I have not done anything wrong. I believe in justice, democracy and freedom.” Reuters editor in chief Stephen Adler said that it was a “sad day for Myanmar”.

For the full story see: www.bbc.com/news
Coca-cola bets on coffee with $5.1 billion deal for Costa ND
Michael J. de la Merced, The New York Times, Friday August 31 2018

Coca-cola announced Friday that it planned to buy Costa, one of the world’s largest coffee chains for $5.1 billion US cash. The deal is Coke’s biggest ever acquisition of a brand, and will make it the third-largest player in the coffee shop industry, well behind Starbucks and just behind McDonalds. The deal is part of a larger war from big companies getting into the coffee business in an attempt to capture the fast-rising coffee consumption habits around the world. Coke’s sales have been falling for five years, as consumers move away from the sugary drinks that long underpinned its business empire.

For the full story see: www.nytimes.com
Trump announces ‘incredible’ trade deal with Mexico ND
BBC News, Tuesday August 28 2018

US President Donald Trump announced an apparent breakthrough in renegotiations of the North American Free Trade Agreement (NAFTA) on Tuesday, saying the agreed terms would make for an “incredible” deal that was “much more fair”. The treaty has been being reviewed for the past year, but in the last five weeks, Canada – the third country in the pact – has not been part of the discussions. "We will see whether or not we decide to put up Canada or just do a separate deal with Canada," Mr Trump said. Canadian Prime Minister Justin Trudeau said he had spoken with President Trump after the breakthrough with Canada, saying the pair had had a “constructive conversation”. A spokesman for Canadian Foreign Minister Chrystia Freeland said the country is “encouraged” by the progress made by the US and Mexico but did not comment on the specific terms. “We will only sign a new NAFTA that is good for Canada and good for the middle class. Canada’s signature is required,” spokesman Adam Austen said.

For the full story see: www.bbc.com/news
Greece emerges from Eurozone bailout programme ND
BBC News, Monday August 20 2018

For the first time in eight years, Greece is now free to borrow money on the financial markets, after successfully completing a three-year Eurozone bailout programme designed to help it cope with the fallout from its debt crisis. Greece’s freedom to manage its own economic affairs will be somewhat tempered by enhanced surveillance from the European Union’s executive, the European Commission, however. This is designed to ensure Athens does not backtrack on reforms agreed with its lenders. Eventually, the bailout loans will have to be repaid. "For a political system to have gone through these years of austerity, this depth of economic hardship, and maintained a functioning society, a functioning democracy, is testament to the robustness of Greece as a modern state. Greece has saved the euro,” said Professor Kevin Featherstone, director of the Hellenic Observatory at the London School of Economics.

For the full story see: www.bbc.com/news
Malcolm Turnbull removes all climate change targets from energy policy in fresh bid to save leadership ND
David Crowe, The Sydney Morning Herald, Monday August 20 2018

Prime Minister Malcolm Turnbull has staged another dramatic retreat on energy policy in the face of a dire threat to his leadership, removing climate change targets from the National Energy Guarantee in his second policy reset in four days. The revised scheme, aimed at cutting down a challenge from Home Affairs Minister Peter Dutton, will go ahead without federal legislation to stipulate a 26 percent cut to greenhouse gas emissions. The changes do not mean Australia is walking away from the Paris agreement, but postpone any attempt to legislate the 26 percent target alongside the NEG, in the belief the cuts can be delivered by 2030 without the need for tougher rules. "In politics you have to focus on what you can deliver," Mr Turnbull said.

For the full story see: www.smh.com.au
Tech surveillance laws proposed by Australian Government 'aggressive', critics say ND
Ariel Bogle, ABC News, Monday August 20 2018

Security experts have labelled new laws that would compel global technology companies to assist Australian spy agencies and police “aggressive”. If passed, the assistance and access bill would introduce expansive new powers to help law enforcement officers investigate criminal activity online. Australia's proposed laws represent a significant step up in the fight against the criminal use of encrypted communications, according to security researcher Christopher Parsons of The Citizen Lab in Toronto, Canada. Among other provisions, the bill proposes three key ways for technology companies, software developers and others to assist spy agencies and police: a technical assistance request, where a company can choose to voluntarily help, such as give details about the development of a new online service; a technical assistance notice, where a company is required to give assistance if they can; and a technical capability notice, where a company must build a new function so it can assist police, as long as it does not force encryption to be broken.

For the full story see: www.abc.net.au/news
Saudi Arabia suspends Toronto flights in row with Canada ND
BBC News, Tuesday 7 August 2018

Saudi Arabia’s state airliner has suspended its direct flights to Toronto following Canada’s call for the release of detained activists for women’s rights and civil society. It has also frozen all trade and expelled Canada’s ambassador over what it calls “interference”. Canada’s Foreign Affairs Minister Chrystia Freeland said she was “deeply concerned” by the diplomat’s expulsion, but added that “Canada will always stand up for the protection of human rights, including women’s rights and freedom of expression around the world.” In what appeared to be a further sign of deteriorating Canada-Saudi relations, a verified Twitter account with reported links to Saudi authorities shared an image of a plane flying towards Toronto’s famous CN Tower. The image was overlaid with text, including a quote which read “he who with what doesn’t concern him finds what doesn’t please him.”

For the full story see www.bbc.com/news
Transurban doubles profit as toll revenue soars to $2.34b ND
Patrick Hatch, The Sydney Morning Herald, Tuesday 7 August 2018

Higher road-user fees have helped to more than double Tollroad giant Transurban’s annual net profit to $468 million, the company revealed on Tuesday. Its revenue grew 8.7 percent last financial year to $2.34 billion, off the back of traffic growth of 2.2 percent acros its network of tollroads across Australia and North America. Growth was most significant in Melbourne, where revenue from CityLink jumped 13.4 per cent to $780 million. Traffic grew 1.4 per cent in total on that road, with some disruption due to works on the Tullamarine freeway, but the number of trucks using the road grew almost 9 per cent. That, along with higher truck fees, resulted in the jump in revenue, Transurban said. In North America, where Transurban earns almost ten percent of its revenue from roads in the Greater Washington Area, revenue grew 7.1 percent on traffic growth of 1.9 percent. The company also received a little help from President Trump’s corporate tax cut in the shape of a $105 million boost from a deferred tax asset.

For the full story see www.smh.com.au
Apple, Facebook and YouTube Remove Content From Alex Jones and Infowars ND
Jack Nicas, The New York Times, Monday 6 August 2018

Alex Jones, founder of Infowars – a right-wing site that has been a leading peddler of false information online – found most of his posts and videos deleted by technology firms on Monday. Apple, Google, Facebook and Spotify severely restricted Mr Jones’ reach, in one of the tech companies’ most aggressive efforts against misinformation yet. Some of Mr Jones’ dark and bizarre theories spread online include that the Sandy Hook school shooting was a hoax and that Democrats run a global sex ring. Apple was the first to make its move, removing content on Sunday, with the others following the day after. Deleting content is a tricky business for tech companies, who have long desired to combat misinformation online but have been reluctant to become arbiters of truth. On the move, an Apple spokesperson said “Apple does not tolerate hate speech.”

For the full story see: www.nytimes.com
Missing evidence base for big calls on infrastructure costs us all ND
Hugh Batrouney, The Conversation, Tuesday July 10 2018

When the case for big transport projects is made without due analysis, we risk building the wrong projects, robbing ourselves of the infrastructure our booming cities need to be more liveable. Given how fast our big cities are growing, decisions cannot continue to be made based on limited or misleading information. Two stark examples – proposed rail links to Western Sydney and Melbourne airports and road congestion charges – illustrate the problem in different ways. These proposed rail links show how governments continue to make huge taxpayer commitments to projects before they fully understand the costs, benefits and risks. In the case of the recently announced multi-billion dollar investments in airport rail in Western Sydney and Melbourne, neither project has a business case. Despite this, both sides of politics were keen to commit to their building. Regarding Melbourne airport rail, the project’s route still has not been resolved, nor have its costs, ticket pricing structure or potential benefits. Too many big infrastructure calls in Australia are based on misleading information or wafer-thin evidence. We need to do better.

For the complete analysis see: www.theconversation.com/au
The Brexiteers are defeating Brexit ND
David A. Graham, The Atlantic, Monday July 9 2018

On Monday, Johnson, the British foreign secretary, resigned from the government rather than back Primer Minister Theresa May’s proposal for British departure from the European Union. He is the second minister in two days to leave May’s cabinet, following David Davis, the secretary in charge of Brexit. After a weekend working out an offer from Britain to the EU, May’s pitch to cabinet members was to toe the line or leave. That line was not ‘hard’ enough for Johnson, who wrote in his resignation letter that he did not believe the UK was likely to achieve the independence and autonomy that voters demanded in the Brexit vote. “We are truly headed for the status of colony – and many will struggle to see the economic or political advantages of that particular arrangement,” he wrote.

For the full story see: www.theatlantic.com
Ex-News Corp exec Peter Tonagh in line to head public broadcaster efficiency review ND
Max Mason, The Australian Financial Review, Friday July 6 2018

Former Foxtel chief executive Peter Tonagh could lead the efficiency review of the ABC and SBS, according to sources. Mr Tonagh left News Corp earlier this year, which has led some to be concerned about his eligibility to run an efficiency review into public broadcasting. The sources said however that Mr Tonagh was well respected, had experience in running TV stations and had admiration for the ABC and SBS’s missions. Communications Minister Mitch Fifield declined to comment on who would lead the efficiency review, but made clear it would not consider changes to either the public broadcaster’s charter, the editorial policies of the national broadcasters, allowing advertising on the ABC, charging for digital services, privatisation or a merger of the two channels.

For the full story see: www.afr.com
Scientists create new building material out of fungus, rice and glass ND
Tien Huynh and Mitchell Jones, The Conversation, Wednesday June 20 2018

Would you live in a house made of fungus? It could be the key to a new low-carbon, fire resistant and termite-deterring building material. Known as mycelium composite, this material uses fungus to combine agricultural and industrial waste to create lightweight but strong bricks. It’s cheaper than synthetic plastics or engineered wood, and reduces the amount of waste that goes to landfill. Making the fungal bricks is a low-energy and zero carbon process, and their structure means they can be moulded into many shapes. In more good news, rice hulls and glass waste, which make up much of the material, are easy to find. In Australia alone, we generate about 600,000 tonnes of glass waste a year, and rice has an annual global consumption of more than 480 million metric tonnes. Usually, the rice hulls and glass waste are incinerated or sent to landfill, so the new material created by the authors offers a cost-effective way to reduce waste.

For more information on the super building material, see: www.theconversation.com/au
Telstra slashing 8,000 jobs to cut costs, but shares still slammed ND
Michael Janda, ABC News, Wednesday June 20 2018

Thousands of Telstra employees will lose their jobs as the company has announced an overhaul, but investors remain concerned by falling profits, sending the telco’s shares to a seven-year low. Telstra said its targeting a further $1 billion in cost-cutting by the 2022 financial year, taking total cost reductions to $2.5 billion. Telstra said that the lost jobs would largely be drawn from management, with one in four executive and middle management positions to go. Prime Minister Malcolm Turnbull described the announcement as ‘heartbreaking’ for the workers involved, saying he had spoken with Telstra CEO Andy Penn last night and he was confident Telstra would support its former workers in the transition to other jobs. “When one company reduces its workforce, there are other companies and new companies, including other telecommunication companies, creating new opportunities and jobs,” he said.

For the full story see: www.abc.net.au/news
General Electric dropped from Dow after more than a century ND
Matt Phillips, The New York Times, Tuesday June 19 2018

General Electric was dropped from the blue-chip index late Tuesday and replaced by the Walgreens Boots Alliance Drugstore chain. It was the last remaining original member of the Dow Jones industrial average. Over the last year, G.E.’s shares have fallen 55 percent, compared with a 15 percent gain for the Dow. G.E., which closed Tuesday at $12.95, has the lowest share price of any of the index’s 30 components. The removal of G.E., which will formally occur on June 26, reflects a shift in the economic composition of the United States, which long ago moved away from heavy industry toward services such as technology, finance and healthcare.

For the full story see: www.nytimes.com
As the shaky US-North Korea summit is set to begin, the parties must search for common interest ND
Benjamin Habib, The Conversation, Monday June 11 2018

US President Donald Trump and North Korean Leader Kim Jong-un will meet on Tuesday for their much talked about summit in Singapore. For the event to be productive, the negotiations will need a base line shared interest that both parties can agree on. Given the long standing trust deficit between the two nations, it is worthwhile asking exactly what the two countries have to offer each other. Short of denuclearisation, North Korea can offer goodwill gestures, a nuclear freeze and testing moratorium. Trump has hinted that he might offer a formal treaty between North and South on ending the war. In terms of negotiating leverage, both parties have strengths and weaknesses, but the strategic importance of Seoul means that any attack on the South Korean capital would be devastating for the US. Summits are symbols that act as markers in a much broader process of relationship-building. This summit could be part of a process of a gradual evolution in the US-North Korea relationship.

For the full story see: www.theconversation.com/au